AdvisorShares Ranger Equity Bear ETF (HDGE) — a fund that shorts stocks — is up nearly 18% this year. Brad Lamensdorf, co-manager, is concerned about the exposure to bad loans (especially energy company debt) held by big banks such as Royal Bank of Scotland, Credit Suisse and Deutsche Bank. Source: CNN Money
Russia’s industrial output growth in April 2019 jumped to 4.9% year-on-year after 1.2% growth in March, according to the latest data by Rosstat statistics agency. Source: BNE
The U.S. military said it sent two Navy ships through the Taiwan Strait on Wednesday, its latest transit through the sensitive waterway, angering China at a time of tense relations between the world’s two biggest economies. Source: Reuters
